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Castellum AB ( (SE:CAST) ) has provided an announcement.
Castellum AB is undergoing a significant restructuring of its executive management and head office to enhance efficiency and profitability. The company will reduce its executive management team from 13 to 10 positions and cut approximately 60 roles at the head office, including 45 employees and 15 consultants. These changes are expected to save around SEK 50 million annually, with full effects realized in 2026. The restructuring also includes the discontinuation of the bonus scheme for all employees starting in 2026, and union negotiations have been initiated.
The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK121.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.
More about Castellum AB
Castellum is one of the largest commercial property companies in the Nordic region, focusing on office and logistics properties in Nordic growth cities. The company is listed on Nasdaq Stockholm Large Cap and is recognized for its sustainability efforts, being the only Nordic property company included in the Dow Jones Sustainability Indices.
Average Trading Volume: 1,228,111
Technical Sentiment Signal: Sell
Current Market Cap: SEK49.62B
See more insights into CAST stock on TipRanks’ Stock Analysis page.